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Jill on Money with Jill Schlesinger
Romance Scams With Adam Levin
Feb 14, 2025
In this enlightening conversation, Adam Levin, a cybersecurity expert and author of "Swiped," shares his insights on the alarming rise of romance scams, especially around Valentine's Day. He discusses the emotional manipulation techniques scammers use and the intersection with cryptocurrency issues. Adam also reveals the psychological struggle victims face when reporting these crimes. With real-life examples, he stresses the importance of awareness and protective measures in online relationships.
28:09
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Quick takeaways
- Romance scams increasingly manipulate victims through emotional connection and sophisticated tactics, leading to substantial financial losses, particularly in cryptocurrency schemes.
- Awareness and skepticism towards unsolicited online interactions are crucial for individuals, especially those vulnerable to emotional exploitation, to prevent falling for these scams.
Deep dives
The Rise and Evolution of Romance Scams
Romance scams have become increasingly sophisticated, with reported losses reaching over $1.4 billion in recent statistics. These scams often involve individuals building a fake romantic relationship online, only to manipulate their victims into sending money through various schemes. The scammers typically utilize platforms like Telegram or WhatsApp to divert conversations off dating sites and deepen emotional connections, often fabricating personal crises to solicit financial help. The concern is compounded by the merging of romance scams with cryptocurrency schemes, extending the duration of the con and increasing the amount of money lost as victims are drawn into a false sense of security and trust.
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Discover
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